Dish Network to accept BitCoin...

[SunnyD]

Well then... (Official press release)

ENGLEWOOD, Colo.--(BUSINESS WIRE)--DISH today announced that it will become the largest company to accept bitcoin. As the first subscription model pay-TV provider to make this move, DISH will begin accepting bitcoin payments from customers starting in the third quarter. DISH Network L.L.C. is a wholly owned subsidiary of DISH Network Corporation (NASDAQ: DISH).

“We always want to deliver choice and convenience for our customers and that includes the method they use to pay their bills,” said Bernie Han, DISH executive vice president and chief operating officer. “Bitcoin is becoming a preferred way for some people to transact and we want to accommodate those individuals.”

DISH has selected Coinbase as the payment processor for bitcoin transactions with customers who choose to pay their bill online with the bitcoin wallet of their choice. DISH will use Coinbase’s Instant Exchange™ feature to exchange bitcoin payments to U.S. dollars at the moment of the transaction.

edit: whoops, sorry - didn't see it was a repost.

 

[Core32]

BTC over $600 again
This news could be part of the reason.

 

[Carbon_Rod]

I find it odd that even after the IRS stated that Bitcoin was not a currency and that it should be treated like a commodity and then after all of the issues Bitcoin has had these past few months that there are companies still willing to accept it as payment. Brave of them.

 

[thebufenator]

I find it odd that even after the IRS stated that Bitcoin was not a currency and that it should be treated like a commodity and then after all of the issues Bitcoin has had these past few months that there are companies still willing to accept it as payment. Brave of them.

Bitcoin has had issues?

Or exchanges can't figure out how to be secure?

Either way, Dish is not taking any risk here.

 

[oblox]

I find it odd that even after the IRS stated that Bitcoin was not a currency and that it should be treated like a commodity and then after all of the issues Bitcoin has had these past few months that there are companies still willing to accept it as payment. Brave of them.

There is literally no risk in them accepting them. Dish's setup is going to be the same as Overstock.com, using Coinbase to instantly convert to usd.

 

[Carbon_Rod]

Yes it does have issues, the biggest one being its volatility... it's somewhat lessened now that Gox is gone, but it still remains somewhat an issue. I'd hate to be the one to field those calls made by angry customers who just paid in BTC and half an hour later find out they've "overpaid" because now the price of BTC has jumped $20, $40, $50, or more. Even if the rule was "all BTC transactions are final" I'm sure there will still be some people that will try to call to get what they want.

Other than that, exchanges failing still shines a negative light on Bitcoin as a whole regardless of whose fault it was.

Then there's the seedy side of Bitcoin which many keep drawing attention to. Sure, you can do most of the same illicit stuff with cash, but the point is that nobody cares about that part when all they care about is framing Bitcoin as being some horrible anonymous system that only criminals use to buy and sell stuff with.

So, ya, I'd say it has its share of issues.

 

[IEC]

Yes it does have issues, the biggest one being its volatility... it's somewhat lessened now that Gox is gone, but it still remains somewhat an issue. I'd hate to be the one to field those calls made by angry customers who just paid in BTC and half an hour later find out they've "overpaid" because now the price of BTC has jumped $20, $40, $50, or more. Even if the rule was "all BTC transactions are final" I'm sure there will still be some people that will try to call to get what they want.

Other than that, exchanges failing still shines a negative light on Bitcoin as a whole regardless of whose fault it was.

Then there's the seedy side of Bitcoin which many keep drawing attention to. Sure, you can do most of the same illicit stuff with cash, but the point is that nobody cares about that part when all they care about is framing Bitcoin as being some horrible anonymous system that only criminals use to buy and sell stuff with.

So, ya, I'd say it has its share of issues.

I'd rather deal with Coinbase/BTC than credit card processors. Just my 2c.

 

[Spidey329]

I'd rather deal with Coinbase/BTC than credit card processors. Just my 2c.

They probably feel the same. I bet T-Mobile will he one of the next to accept BTC. They're trying hard to differentiate themselves from the other carriers. They want the young crowd, this is one way to get it.

 

[collegeboy69us]

Yes it does have issues, the biggest one being its volatility... it's somewhat lessened now that Gox is gone, but it still remains somewhat an issue. I'd hate to be the one to field those calls made by angry customers who just paid in BTC and half an hour later find out they've "overpaid" because now the price of BTC has jumped $20, $40, $50, or more. Even if the rule was "all BTC transactions are final" I'm sure there will still be some people that will try to call to get what they want.

Other than that, exchanges failing still shines a negative light on Bitcoin as a whole regardless of whose fault it was.

Then there's the seedy side of Bitcoin which many keep drawing attention to. Sure, you can do most of the same illicit stuff with cash, but the point is that nobody cares about that part when all they care about is framing Bitcoin as being some horrible anonymous system that only criminals use to buy and sell stuff with.

So, ya, I'd say it has its share of issues.

Is there a website the BTC haters pull their lines from? because it's always the same things I read.

Anyone who's actually USING bitcoin knows from the very first day about the volatility, it's just part of the game right now. Sure you might have some stingy cheap asshole who might try to game the system and get his BTC back, and I hope Dish (and anyone else) tells them to go fuck themselves. I don't get to go back to the gas station and demand a few dollars back because the price just rose 20 cents in 12 hours do I? That's life. Personally if I ran a subscription based service and a customer tried to pull that on me... I'd give them a choice: A) fuck off B) I'll refund you the difference and then cancel and blacklist your address. Would be hilarious when some cheap prick wants to save $10 and winds up never being able to get satellite TV service at his location EVER again.

There were more illegal dealings via cash (US Dollar) last night alone in a single large city than all the "illegal" bitcoin dealings you speak of. Sure people can buy and sell anything via bitcoin, but I promise you that right now money changing hands from prostitution, illegal gambling, and drugs are mostly still done in cold hard cash. There is a reason trace amount of cocaine show up on most US currency. And I doubt that hooker I ordered is going to sit around talking politics with me for 30 to 45 minutes while my BTC payment confirms.

Sounds to me that it's not the coin/currency/commodity that has any issues... like most other facets of life, the issue is when you add stupid, irrational, and retarded humans into the mix. The only issue I can see about the coin itself? Transaction times and confirm times are a bit on the slow side.

We've had people come and go that steal/scam billions of dollars, banks that hand out money like candy, banks that rob the public blind with shady accounting, after all that is said and done the confidence in the dollar is (generally) not shaken. Why? Because the US government promises to print more of that green linen rectangle should things ever really get out of hand. "Value" is incredibly relative depending on how many crooks have their hand in the cookie jar and/or pulling the strings behind stage.

I view the whole damn thing as a hobby, if it pays my electric bill and have $100 left over, Im winning. I still wish I could go back in time and be one of those first guys though mining thousands of coins on a single CPU

 

[DooLocsta]

I view the whole damn thing as a hobby, if it pays my electric bill and have $100 left over, Im winning. I still wish I could go back in time and be one of those first guys though mining thousands of coins on a single CPU

This! Oh how I miss the days of LTC difficulty @ 500

 

[oblox]

Yes it does have issues, the biggest one being its volatility... it's somewhat lessened now that Gox is gone, but it still remains somewhat an issue. I'd hate to be the one to field those calls made by angry customers who just paid in BTC and half an hour later find out they've "overpaid" because now the price of BTC has jumped $20, $40, $50, or more. Even if the rule was "all BTC transactions are final" I'm sure there will still be some people that will try to call to get what they want.

Other than that, exchanges failing still shines a negative light on Bitcoin as a whole regardless of whose fault it was.

Then there's the seedy side of Bitcoin which many keep drawing attention to. Sure, you can do most of the same illicit stuff with cash, but the point is that nobody cares about that part when all they care about is framing Bitcoin as being some horrible anonymous system that only criminals use to buy and sell stuff with.

So, ya, I'd say it has its share of issues.

Again, no risk for them to accept it... it's instantly converted to fiat.

 

[MrGuvernment]

For all those people who cry and scream bitcoin is worth nothing and wondering why "idiots" waste time with it...

Suck it...

Again, no risk for them to accept it... it's instantly converted to fiat.

Exactly, any company accepting bitcoin or any Alt-Coin instantly converts it to cash for the value of the service, these companies are not hording coins or anything.

 

[Carbon_Rod]

Wow, all this vitriol over my expression of surprise that, after all the negative press Bitcoin had received these past few months, another company was brave enough to decide to accept it as a payment method. And yes, I'm fully aware of how the payment system works.

Remind me to never express an opinion here again. Just wow.

 

[mkrohn]

Wow, all this vitriol over my expression of surprise that, after all the negative press Bitcoin had received these past few months, another company was brave enough to decide to accept it as a payment method. And yes, I'm fully aware of how the payment system works.

Remind me to never express an opinion here again. Just wow.

LOL I think the person that said the negative information doesn't know how much you have invested in this shell game.

I have quite a bit invested and well I don't have much to say about it that's good. I am probably going to spend a good amount on expanding my operation further but the coin game is nothing but a shell game. I don't have faith in ANY crypto as a long term investment. I am continually cashing out frequently. Hell I rarely have north of $100 worth sitting around. During that low point I was still profitable. I kept cashing out because I believed it very well could keep dropping in price.

I have no faith in this big surge upward. Faith in coins is something people who can afford to drop money at the casino can do. I have kids and bills to pay so I have to calculate my risks very carefully. a profit is a profit no matter how small and I'll take it. I'll have to go back over my records and evaluate how much I can spend on expansion.

 

[Core32]

This also might help fuel the price of BTC: http://www.coindesk.com/apple-policy-update-may-open-door-bitcoin-transactions/

 

[MrGuvernment]

Ya BC jumped up over $640 again.. after being so low for so long.

 

[Dreamerbydesign]

This does absolutely nothing to "legitimize" btc. It is still just as in reliable and in trustworthy as before.

Its just another way for a struggling company to rake in cash. Nothing more.

 

[Core32]

"in reliable" ?? "in trustworthy" ??
Come on. Even the worst of trolls has a better command of the English language than this....
"Legitimize" that.

 

[MrGuvernment]

This does absolutely nothing to "legitimize" btc. It is still just as in reliable and in trustworthy as before.

Its just another way for a struggling company to rake in cash. Nothing more.

real cash is unreliable... and can crash at any time as it has before..

 

[dda1981]

I work for DTV and I wonder if there will start accepting Bitcoins. either way that good news for BTC Community